Japan: Construction Equipment Blade Market 2024

Construction Equipment Blade Market Size in Japan

The Japanese construction equipment blade market contracted notably to $X in 2022, reducing by -80.7% against the previous year. In general, consumption, however, enjoyed a buoyant increase. Construction equipment blade consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Construction Equipment Blade Production in Japan

In value terms, construction equipment blade production fell to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a noticeable reduction. The pace of growth was the most pronounced in 2021 with an increase of 13%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Construction Equipment Blade Exports

Exports from Japan

In 2022, shipments abroad of blades for construction equipment increased by 101% to X units, rising for the second year in a row after two years of decline. Over the period under review, exports, however, continue to indicate a pronounced reduction. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, construction equipment blade exports surged to $X in 2022. Overall, exports, however, saw a pronounced slump. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for construction equipment blade exports from Japan, with a 36% share of total exports. Moreover, construction equipment blade exports to the United States exceeded the volume sent to the second major destination, Brazil (X units), twofold. The third position in this ranking was taken by Indonesia (X units), with a 9.1% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+38.8% per year) and Indonesia (-7.3% per year).

In value terms, the United States ($X) remains the key foreign market for blades for construction equipment exports from Japan, comprising 31% of total exports. The second position in the ranking was taken by China ($X), with an 11% share of total exports. It was followed by South Africa, with an 8.3% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at -3.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+23.5% per year) and South Africa (+5.6% per year).

Export Prices by Country

In 2022, the average construction equipment blade export price amounted to $X per unit, rising by 20% against the previous year. In general, the export price, however, showed a mild downturn. Over the period under review, the average export prices attained the maximum at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Peru ($X per unit), while the average price for exports to Brazil ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (+20.5%), while the prices for the other major destinations experienced more modest paces of growth.

Construction Equipment Blade Imports

Imports into Japan

In 2022, supplies from abroad of blades for construction equipment decreased by -41% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, imports faced a deep reduction. The pace of growth was the most pronounced in 2021 when imports increased by 95% against the previous year. Over the period under review, imports hit record highs at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, construction equipment blade imports reduced sharply to $X in 2022. Over the period under review, imports continue to indicate a abrupt decline. The growth pace was the most rapid in 2013 with an increase of 55% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of construction equipment blade to Japan, accounting for a 90% share of total imports. Moreover, construction equipment blade imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), more than tenfold. The third position in this ranking was taken by Canada (X units), with a 2.8% share.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-36.4% per year) and Canada (-0.3% per year).

In value terms, China ($X) constituted the largest supplier of blades for construction equipment to Japan, comprising 63% of total imports. The second position in the ranking was held by the United States ($X), with a 15% share of total imports. It was followed by Italy, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-28.5% per year) and Italy (+30.6% per year).

Import Prices by Country

The average construction equipment blade import price stood at $X per unit in 2022, increasing by 24% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2019 an increase of 25%. As a result, import price reached the peak level of $X per unit. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+38.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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